Abstract

Director of investments at Sanlam Private Wealth, Alwyn van der Merwe, put forward a case for holding Anglo American shares, recently explaining that price-to-book (P/B) value is a far better alternative to the price-to-earnings multiple as a technique for analysing whether or not the stock was worth investing in - which, he says, it was. We have sought out other analysts' views on the matter, while also comparing the P/B ratios of some of the mining industry's other heavy hitters.